How to Update Your Corporate Tax Bank Details Easily on UAE’s EmaraTax Portal

How to Edit Corporate Tax Bank Details on the EmaraTax Portal: A Guide by Rightway Accounting and Bookkeeping
The introduction of the corporate tax regime in the UAE in 2023 has brought about significant changes in compliance requirements. Businesses operating in the UAE are now mandated to register for corporate tax if they fall within the taxable criteria. Non-compliance could result in penalties or legal actions enforced by the Federal Tax Authority (FTA).
At Rightway Accounting and Bookkeeping, we strive to simplify these complex processes for
businesses. One common task that businesses may encounter is updating corporate tax bank details on the EmaraTax portal. Below, we provide a step-by-step manual to guide you through this
procedure.

Step-by-Step Guide to Editing Corporate Tax Bank Details

1. Log in to the EmaraTax Portal
   Begin by accessing your account on the EmaraTax portal. Use your login credentials or the UAE Pass for authentication. If you have forgotten your password, select the “Forgot Password” option to reset it and regain access.
2. Access the Taxable Person Dashboard
   After logging in, navigate to the Taxable Person section. From the list of registered entities, select the relevant taxable person and click on the “View” button to access their dashboard.
3. Locate the Edit Option
   In the dashboard, find the Corporate Tax Registration section. You will see three dots (…) next to this section. Click on the dots, and select “Edit Bank Details” from the dropdown menu.
4. Review the Instructions and Guidelines
   Before proceeding, carefully read the provided instructions. These guidelines outline:
   • The necessary documents required for the update.
   • Common errors to avoid during the application.
     Make sure all your information is accurate and your documentation is up-to-date.
5. Start the Editing Process
   After reviewing the guidelines, click on the “Confirm” button to acknowledge them, followed by the “Start” button to initiate the editing process.
6. Edit Bank Details
   The editing application consists of two segments. In the first segment, locate the “Enable Editing” option to modify your bank details.
   • Fill out the required fields, ensuring the information is accurate and corresponds to the valid
     UAE or foreign bank account details.
   • Save your progress by selecting the “Save as Draft” option if you need more time to gather
     the required details.
7. Review and Declare
   In the final step, cross-check all the information entered. Once you are confident everything is
   correct, check the declaration box and submit your application.
8. Note the Reference Number
   Upon submission, the system will provide you with a reference number. Keep this number for future reference. You can also download an acknowledgment PDF for your records.